BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Advisory Council on the implementation of the agreement on a deep and comprehensive free trade area with the European Union (EU) will be created by the government of Georgia in September, Deputy Minister of Economy of Georgia Mikheil Dzhanelidze told Aug. 28.

The agreement between Georgia and the EU on a deep and comprehensive free trade area enters into force on September 1, 2014, he said.

The deputy minister noted that the positive forecasts of Moody's international rating agency for the economic development of Georgia are connected with the conclusion of the agreement on deep and comprehensive free trade area between Georgia and the EU and improvement of economy management possibilities of the country.

Georgian side believes that in the future ratings of Georgia will rise even more, and other international agencies will also reconsider the ratings of the country, Dzhanelidze added.

Moody's Investors Service international rating agency reconsidered its earlier forecast of Georgia's sovereign rating from "stable" to "positive". Rating is affirmed at "Ba3" level.